Oman OM: GDP: Gross Value Added at Basic Prices

1960 - 2024 | Yearly | OMR mn | World Bank

Oman OM: GDP: Gross Value Added at Basic Prices data was reported at 41,387.065 OMR mn in 2024. This records an increase from the previous number of 41,068.463 OMR mn for 2023. Oman OM: GDP: Gross Value Added at Basic Prices data is updated yearly, averaging 6,573.100 OMR mn from Dec 1960 (Median) to 2024, with 56 observations. The data reached an all-time high of 42,913.300 OMR mn in 2022 and a record low of 15.200 OMR mn in 1960. Oman OM: GDP: Gross Value Added at Basic Prices data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank.WDI: Gross Domestic Product: Nominal. Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);;

View Oman's Oman OM: GDP: Gross Value Added at Basic Prices from 1960 to 2024 in the chart:

Oman Oman OM: GDP: Gross Value Added at Basic Prices

What was Oman's Oman OM: GDP: Gross Value Added at Basic Prices in 2024?

Last Previous Min Max Unit Frequency Range
41,387.065 2024 41,068.463 2023 15.200 1960 42,913.300 2022 OMR mn yearly 1960 - 2024

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Oman Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 46,034.277 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 22,164.117 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 2.519 2027 yearly 1980 - 2027
GDP Deflator Growth (%) -0.7 2024 yearly 1999 - 2024
GDP per Capita (USD) 20,337.079 2024 yearly 1980 - 2024
Gross Fixed Capital Formation (USD mn) 27,358.677 2024 yearly 1975 - 2024
Gross National Product (GNP) (USD mn) 100,970.853 2024 yearly 1960 - 2024
Gross Savings Rate (%) 29.4 2024 yearly 1980 - 2024
Investment: % of GDP (%) 24.8 2024 yearly 1967 - 2024
Nominal GDP (USD mn) 26,453.9 Jun 2025 quarterly Mar 2005 - Jun 2025
Nominal GDP Growth (%) 0.618 Jun 2025 quarterly Mar 2006 - Jun 2025
Private Consumption Expenditure (USD mn) 41,919.970 2024 yearly 1980 - 2024
Private Consumption: % of GDP (%) 39.1 2024 yearly 1980 - 2024
Public Consumption Expenditure (USD mn) 20,068.070 2024 yearly 1980 - 2024
Public Consumption: % of GDP (%) 18.7 2024 yearly 1980 - 2024
Real GDP Growth (%) 1.6 2024 yearly 1999 - 2024
Total Trade of Goods & Services: % of Nominal GDP (%) 118.999 2024 yearly 1980 - 2024
Production Last Frequency Range
Gold Production (kg) 0.000 2021 yearly 1993 - 2021
Industrial Production Index Growth (%) -1.9 Apr 2017 monthly Jul 1968 - Apr 2017
Minerals Production (Metric Ton) 100,629,990.000 2023 yearly 2009 - 2023
Silver Production (Metric Ton) 0.000 2021 yearly 1996 - 2021
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Forecast: Government Expenditure (OMR bn) 11.786 2030 yearly 1990 - 2030
Forecast: Government Net Debt (OMR bn) 14.788 2030 yearly 1990 - 2030
Forecast: Government Revenue (OMR bn) 13.974 2030 yearly 1990 - 2030
Government Debt: % of GDP (%) 35.4 2024 yearly 1990 - 2024
Tax Revenue (USD mn) 4,871.382 2024 yearly 1996 - 2024
National Government Debt (USD mn) 37,979.2 2024 yearly 1990 - 2024
Consolidated Fiscal Balance (USD mn) -130.039 Sep 2025 monthly Jun 2003 - Sep 2025
Tax Revenue: % of GDP (%) 4.5 2024 yearly 1996 - 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 2,667,529.000 2024 yearly 1986 - 2024
Forecast: Population (Person mn) 5.592 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 0.000 yearly -
Labour Force Participation Rate (%) 67.8 2024 yearly 1990 - 2024
Labour Productivity Growth (%) 2.12 2024 yearly 1999 - 2024
Population (Person mn) 4.5 2020 yearly 1977 - 2020
Unemployment Rate (%) 2.90 Oct 2025 monthly Mar 2018 - Oct 2025
Domestic Trade and Household Survey Last Frequency Range
Household Expenditure per Capita (USD) 3,110.731 2011 yearly 2007 - 2011
Household Income per Capita (USD) 4,964.629 2011 yearly 2007 - 2011
Motor Vehicle Sales: Commercial Cars (Unit) 13,576.000 2019 yearly 2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit) 49,924.000 2019 yearly 2005 - 2019
Motor Vehicles Sales (Unit) 63,500 2019 yearly 2005 - 2019
Motor Vehicles Sales Growth (%) -0.2 2019 yearly 2006 - 2019

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